PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

ARK Space Exploration & Innovation ETF (ARKX) Sharpe Ratio: 2.35

ETF · Currency in USD · Last updated Jun 3, 2026

ARKX is an actively managed ETF that seeks long-term capital growth by investing primarily in domestic and foreign equity securities of companies engaged in space exploration and defense innovation.

ARKX's Sharpe Ratio of 2.35 indicates that for each unit of volatility, it generates 2.35 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ARKX Sharpe Ratio Rank

ARKX Sharpe Ratio Rank: 70.771
Above Average

ARKX ranks above 70.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

ARKX Sharpe Ratio Market Positioning

The chart shows ARKX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.68+
  • Median: 1.76 — half of all investments score higher

How it compares to other similar ETFs

The table compares ARK Space Exploration & Innovation ETF's Sharpe Ratio with other ETFs in the Aerospace & Defense category across multiple time periods, showing how ARKX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UFOProcure Space ETF4.08
ARKXARK Space Exploration & Innovation ETF2.35
GCADGabelli Commercial Aerospace & Defense ETF2.06
FOWFPacer Solactive Whitney Future of Warfare ETF1.84
XARSPDR S&P Aerospace & Defense ETF1.73
PPAInvesco Aerospace & Defense ETF1.59
ITAiShares U.S. Aerospace & Defense ETF1.39
IDEFiShares Defense Industrials Active ETF1.27
DFENDirexion Daily Aerospace & Defense Bull 3X Shares1.12
KDEFPLUS Korea Defense Industry Index ETF1.00

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ARKX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ARKX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does ARKX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio